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The advocacy documentary "Poverty Inc." claims that the Federal Reserve, like other central banks such as the International Monetary Fund and the World Bank, is a pyramid scheme that redistributes wealth from the many to the few through quantitative easing. It characterizes the Fed as an unconstitutional lobbying body for commercial banks that prints money out of thin air. The film also contends that the 1999 repeal of the Glass-Steagall Act effectively turned Goldman Sachs from a financial casino into a commercial bank with full government coverage. Its former head, Henry Paulson, went to the George W. Bush administration to leverage how much it could borrow speculatively, the...

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The advocacy documentary "Poverty Inc." claims that the Federal Reserve, like other central banks such as the International Monetary Fund and the World Bank, is a pyramid scheme that redistributes wealth from the many to the few through...

Maurice R. Greenberg, the ousted chief executive of American International Group Inc., was practically laughed out of New York for claiming that he and other shareholders were shortchanged by the U.S. government's $182-billion bailout of AIG.
No one's...

The trial pitting a fallen financial titan against an array of former high government luminaries provides a through-the-looking-glass view of the financial credit crisis of 2008 — a view that only makes sense on Wall Street.
In the U.S. Court of...

The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry M. Paulson said in U.S. court Monday.
The $85-billion loan package extended to AIG — then reeling...

The U.S. extorted American International Group Inc. shareholders when it extended a $182-billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg said.
Greenberg's Starr International Co., AIG's...

Billions of dollars of property damage along the Eastern Seaboard. Sharply reduced yields of corn, wheat and soy at Midwestern farms. Rising sea levels threatening military installations in Southern California.
These and other risks from...

With Democratic Gov. Jerry Brown expected to romp to reelection this year against little-known rivals, many donors who gave Republican candidates more than $37 million in the last gubernatorial contest are now keeping their hands in their pockets.
But...

Former Treasury Secretary Timothy F. Geithner never seemed to fit in the nation’s capital. And he knew it.
He begins his memoir, “Stress Test: Reflections on Financial Crises,” by admitting that he was “an unorthodox choice” for one of the most crucial...

Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a young man's...

In 2008, when Treasury Secretary Henry M. Paulson needed someone to run the controversial bailout of the nation's banks, he turned to a trusted and unflappable aide who had followed him from Goldman Sachs to Washington — Neel Kashkari.
"We had other...

In her new book, “A Fighting Chance,” Massachusetts Sen. Elizabeth Warren accuses California gubernatorial candidate Neel Kashkari of lying to her when he led the taxpayer-funded federal bank bailout.
Warren, a Democrat, served as chair of the bipartisan...

GOP gubernatorial candidate Neel Kashkari has raised $1.3 million in the two months since he kicked off his campaign and has about $900,000 in the bank, according to disclosures filed with the state on Monday.
Kashkari’s campaign wants to raise several...

SACRAMENTO — Gov. Jerry Brown has built a war chest of $19.7 million to fund his bid for an unprecedented fourth term, easily eclipsing the money raised by his challengers, according to new campaign reports filed with the state.
Brown has raised nearly...

In June, a decades-long open secret hit the media like a typhoon: Climate change is the fundamental economic challenge of our time.
The bipartisan troika of former New York Mayor Michael Bloomberg, hedge fund mogul Tom Steyer and former Treasury...

To the editor: Boy, our priorities are screwed up when it comes to allocating water. Central Valley farmer Fred Lujan's water supply for growing our food was cut off, but hundreds of golf courses in California remain lush? What craziness is this?...

Former House Majority Leader Eric Cantor became the latest politician to move to Wall Street, taking a high-paying job at investment bank Moelis & Co. and boosting the profile of the boutique firm founded in Century City.
Cantor, 51, who resigned...

Herbert Allison Jr.
Headed Fannie Mae, U.S. bank rescue program
Herbert Allison Jr., 69, a former head of the U.S. government's bank rescue program and chief executive of Fannie Mae after it was taken over by the government, died Sunday at his home...

A Republican who wants to be California's governor is staking his bid on having run the $700-billion federal bank bailout — even as GOP candidates across the nation distance themselves from the highly unpopular program.
As he courts voters, former U....

There's a story former U.S. Treasury Secretary Henry "Hank" Paulson tells in Joe Berlinger's unsettling new documentary, "Hank: 5 Years From the Brink," about "Goodnight Moon."
His wife, Wendy, suggested that instead of...